M&A Deal Summary

Onity Group Acquires PHH

On October 4, 2018, Onity Group acquired financial services company PHH

Acquisition Highlights
  • This is Onity Group’s 4th transaction in the Financial Services sector.
  • This is Onity Group’s 4th transaction in the United States.
  • This is Onity Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-10-04
Target PHH
Sector Financial Services
Buyer(s) Onity Group
Deal Type Merger

Target

PHH

Mount Laurel, New Jersey, United States
PHH Corp. is a provider of financial services to financial institutions, real estate companies, credit unions, corporations, and government agencies. PHH was founded in 1946 and is based in Mount Laurel, New Jersey.

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Buyer(S) 1

Buyer

Onity Group

West Palm Beach, Florida, United States
Category Company
Founded 1988
Sector Financial Services
Employees4,400
Revenue 1.1B USD (2023)
DESCRIPTION

Onity Group is a financial services company that specializes in mortgage servicing and origination. The Company has grown to become one of the largest mortgage servicers in the United States. Onity Group is committed to providing superior service and support to its customers, helping homeowners to achieve their financial goals and navigate the complex world of mortgage finance. Onity Group was founded in 1988 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 4 of 4
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-03 Liberty Home Equity Solutions

Rancho Cordova, California, United States

Liberty Home Equity Solutions, Inc. is a provider of reverse mortgages through direct, wholesale and correspondent channels.

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